FX.co ★ 03.05.2024: USD weakens amid surprising NonFarm Payrolls – Outlook for S&P 500, EUR/USD, Brent

Over the past five months, the American labor market reports have consistently failed to align with official forecasts. The NonFarm Payrolls for April proved to be no exception, sending shockwaves through the currency market so significant that a strictly vertical line could be distinctly seen on the dollar’s chart.

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